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Service tax & tn vat -reg

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 November 2012 Dear Sir/Madam,

One of our vendor have charged Service tax on 8.652% on 33%of base value and TN VAT 14.5% on 67% of base value of services i., AMC on Air Conditioners Services. When asked, he said there was an notification to charge on such basis.
Could you please confirm, it is right charging both Service Tax and TN VAT at the above mentioned proportion on the total value? If so, could you please share the notification or relevant rules indicating the same.I’m waiting for your valuable reply.
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CA Sahil Singla..

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CA Sahil Singla.. (Expert)
01 November 2012 I don't know about VAT. But under service Tax, AMC is subject to 12.36% service tax on 60% of Invoice
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 November 2012 Thank you for your reply. This AMC Subject to 12.36% on ST on 70% of the taxable value
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